Leap Wireless Buyers Jump In

This month two insiders bought $258 million in the beaten-down stock.

THOUGH LEAP WIRELESS IS LIKELY to end the year in negative territory, two insiders have jumped at the chance to snap up shares in the wireless provider buying $258 million in stock this month.

From Dec. 18 to Dec. 21, Chairman Mark Rachesky purchased 3.8 million shares for $163.2 million, or an average of $42.48 a share. The shares were purchased indirectly though subsidiaries of New York-based MHR Fund...